Short selling has been in the news a lot lately. Lots of big name hedge funds are feeling the heat form short selling “meme stocks”. In this episode we look into the story of when David Einhorn (of Greenlight Capital) shorted Allied Capital. This is a crazy story that includes a PR smear campaign, stolen phone records and David’s wife getting fired from her job. Wowza! It’s a wild tale! Check out this episode to learn what happened, and some key lessons from the whole ordeal. 

Sources:

https://www.amazon.ca/Fooling-Some-People-All-Time/dp/B071VQDGVH/ref=sr_1_2?dchild=1&keywords=fooling+some+of+the+people&qid=1625423794&sr=8-2

https://seekingalpha.com/article/195825-ares-buys-allied-capital-whats-next

https://www.fool.com/investing/general/2015/03/26/allied-capital-5-years-after-its-downfall.aspx

https://www.cfainstitute.org/en/research/financial-analysts-journal/2009/fooling-some-of-the-people-all-of-the-time

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Disclaimer:

This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.